Officer/Assistant Vice President - AML Refresh Operations - Global Banking...

Bank of America Singapore; Singapore; On-site; SGD 100,000 - 125,000; Full time

Job summary

A leading financial institution in Singapore is seeking a Full Time Employee to support AML/CDD and Global Banking processes. The role involves conducting compliance checks, performing document gap analyses, and ensuring timely CKYC processes while collaborating with cross-regional teams. Candidates should demonstrate initiative, strong Microsoft Office skills, and excellent communication abilities. Opportunity for impactful career development is offered in an inclusive workplace.

Qualifications

• A proactive self-starter capable of working with minimal supervision.
• Strong skills in Microsoft PowerPoint, Excel, and Word.
• Excellent communication and interpersonal collaboration skills.

Responsibilities

• Perform document gap analysis to ensure compliance.
• Conduct CKYC Process in a timely manner.
• Support periodic refresh processes and validations.
• Implement new regulations as required.
• Collaborate with cross-regional teams and MLRO.
• Monitor risks related to non-compliance.
• Engage in audits requiring deep research.
• Prepare MIS and control reports.

Skills

Initiative

Microsoft Office proficiency

Interpersonal skills

Communication skills

Job description

Overview

Job Description:

At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.

Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.

Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

The Role

Full Time Employee to support the AML/CDD, Global Banking and Markets Refresh process. The team covers Periodic Refresh or reviews & CKYC (Centralized KYC) as its core activities and are responsible for completing AML/CDD checks in line with country standards and CIP/CDD procedures.

Responsibilities

• Perform document Gap analysis with available documents and ensure it meets the regulation.
• Perform CKYC Process and ensure timeliness.
• Provide support to Periodic Refresh or reviews by conducting required validations and other sub processes that might be required to fulfill the checklist.
• Be well versed & ensure any new regulations improvised/altered or added by regulator are put to implementation.
• Partner with colleagues in Banking, Sales, FLU cross regional teams and other groups as needed.
• Partner with MLRO for cases where guidance or relevant approvals are required to help complete refreshes on time.
• Monitor and understand the risks and impacts of non-compliance with KYC processes, including restrictions, closures.
• Participate in internal & external audits which requires deep research and investigation skills.
• Provide support in any remediations which might have tight deadlines.
• Prepare the MIS & Control reports and ensure the various stakeholders queries are answered.
• Challenging the status quo and suggest process streamlining where required.
• Embrace a collaborative and output-oriented culture.

Skills

• Initiative: Identify process improvements, demonstrate a "self-starter" behavior and a willingness to help others, and show potential to require minimal supervision.
• Excellent proficiency using Microsoft office products, particularly Microsoft PowerPoint, Excel, Word.
• Excellent interpersonal skills for motivation, collaboration and encouragement.
• Excellent communication skills to demonstrate collaborations with various groups as and when required.